Can My Student Loans Be Forgiven After Ten Years?

I have student loans that are more than 5-10 years old from undergrad and graduate school of $84,000 or more. I have made payments over the years but not consistently. recently my wages were garnished and created a financial hardship for me. After a least ten years or more could my loans be forgiven?

I just read your article regarding student loan debt. Is there any programs for someone who works for a state agency for more than fifteen years and has student loan debt of subsidized and unsubsidized loans that are at least ten years old

Monica”

Dear Monica,

The good news is if we get this situation finally under control and organized then there is hope you can have your wage garnishment terminated and your loans eventually forgiven. But it will require 120 on-time payments of even as little as $0 per month. Yes, zero.

There is nothing to enroll for Public Service Loan Forgiveness, your loans just need to conform to the type recognized. However, recent changes in the law may allow other than Direct Loans to be recognized for forgiveness. Talk to your servicer and if you can’t get anywhere, come back and post a reply here.